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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd
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Post by DoasIsayon Jan 09, 2013 7:05am
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Post# 20813643

NICO refinery

NICO refinery

https://www.theglobeandmail.com/globe-investor/news-sources/?date=+20130109&archive=cnw&slug=C4771

Fortune Minerals closes NICO refinery lands purchase

Wednesday, January 09, 2013

MVRB's final report and recommendation on mine and concentrator in NT anticipated

Issued Capital:  121,276,976

LONDON, ON, Jan. 9, 2013 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that on December 19, 2012 it closed the purchase of lands near Saskatoon, Saskatchewan on which the Company proposes to build its Saskatchewan Metals Processing Plant ("SMPP") for the NICO gold-cobalt-bismuth-copper project. Rezoning of the 482 acre property is underway as the Company nears completion of the permitting process in two jurisdictions. NICO is a planned vertically integrated project consisting of an open pit and underground mine and mill in the Northwest Territories ("NT") and refinery in Saskatchewan where concentrates from the mill will be processed

 

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